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Petrodollar Reflux to Hit Treasuries, Other Assets
Petrodollar Reflux to Hit Treasuries, Other Assets Oil-producing countries dump assets to fill budget holes. Executive Report with ISA Intel, Oil & Energy Insider: The collapse in oil prices is draining oil-exporting countries of revenue. With substantially lower oil revenues, many of the world’s sovereign wealth funds are dropping in value, which has ramifications for the […]
Cheating, No Problem: Automakers Win Again in Europe
Cheating, No Problem: Automakers Win Again in Europe They run the show. Brussels, Europe: A more wretched hive of corporate lobbyists, law firms, and money-grubbing apparatchiks you will struggle to find. The latest example of lobbying influence is one of the most egregious yet, since it will affect the quality (or lack thereof) of the […]
China’s Economy Even Worse than Suspected?
China’s Economy Even Worse than Suspected? It’s always good to have a plan. So China has a new five-year plan, its 13th. And the plan is to dial down China’s formerly white-hot economy to a target of “medium-high economic growth” for the five years starting in 2016. “The country will promote greater sophistication in its […]
Global Corporatocracy’s Unborn Baby Just Got A Lot Bigger
Global Corporatocracy’s Unborn Baby Just Got A Lot Bigger The Trans-Pacific Partnership is not yet fully alive: the agreement has been signed but still needs to be ratified by the governments of its signatory nations. Nonetheless, the corporatocracy’s unborn baby is growing at a startling rate. Last week, the agreement boasted a grand total of 12 […]
And Now Trucking Is Suddenly Slowing Down
And Now Trucking Is Suddenly Slowing Down This comes at the totally wrong time. Trucking had been booming. 2014 had been a banner year. Capacity was squeezed, and rates were rising, so trucking companies went on a buying binge, ordering everything in the book in preparation for red-hot demand in 2015 and more banner years […]
Barcelona Threatens to Print Parrallel Currency, Madrid Seethes
Barcelona Threatens to Print Parrallel Currency, Madrid Seethes Over the next six months, Barcelona’s left-wing city council plans to roll out a cash-less local currency that has the potential to become the largest of its kind in the world. The main goal of the project, according to a council spokesperson, is to boost economic opportunities for […]
This Is Why It’s Going to Get Even Tougher
This Is Why It’s Going to Get Even Tougher The third quarter was tough for US corporations. Worse than the prior two quarters. They got waylaid by weak global demand and lack of pricing power. The easiest way to increase revenues and profits is to raise prices, so via inflation, but that strategy isn’t working […]
“Bank Failures and Systemic Breakdowns”: Regulator Warns on Autos, Subprime, Commercial Real-Estate…
“Bank Failures and Systemic Breakdowns”: Regulator Warns on Autos, Subprime, Commercial Real-Estate… If you look at auto sales, which are flirting with all-time highs, and at commercial real-estate prices, which are way beyond all-time highs, and if you look at the loans, including subprime, that make it all happen, you’d think the US economy is […]
Saudi Arabia Cuts Spending, Slows Payments, Hits Spain Inc.
Saudi Arabia Cuts Spending, Slows Payments, Hits Spain Inc. Ugly for Spain’s over-indebted, liquidity-challenged construction giants. It’s almost a whole year since the House of Saud shocked the world by announcing its scheme to let market forces determine oil prices. It then did the unthinkable: it cranked up oil production. What followed was arguably the […]
The Dismal Thing Schlumberger CEO Just Said about US Oil
The Dismal Thing Schlumberger CEO Just Said about US Oil 2016 to be brutal. Then, dreams of “potential spike in oil prices” An engineer in the oil industry, who’d sold his house in Houston and bailed out after finding work in another state, just told me this: A young civil engineer that I am working […]
Overcapacity “will be even greater than in 2009.”
Overcapacity “will be even greater than in 2009.” “I would be open to the possibility” of reducing the fed funds rate “even further” and go negative, explained Minneapolis Fed President Narayana Kocherlakota on Thursday. Some folks just don’t get it. Here are the results of seven years of global QE and zero-interest-rate policies: Global demand […]
Did the European Court of Justice Just Torpedo the Mother of All US Trade Agreements?
Did the European Court of Justice Just Torpedo the Mother of All US Trade Agreements? Europe’s already rocky trading relationship with the U.S. just got a whole lot worse. Thanks to one young man’s battle against one of the world’s biggest tech companies, data traffic underpinning the world’s largest trading relationship has been thrown into […]
This is How the Trade Pact Escalates the Currency War
This is How the Trade Pact Escalates the Currency War When negotiators from 12 nations and hundreds of lobbyists from around the world, after years of horse-trading, agreed on a “trade deal” on Monday – a deal that remains secret except for the sections that have been leaked – President Obama gushed that it “reflects […]
